David Burrows
Nortel AS
NTEL-T
DON'T BUY
Jul 13, 2005
He doesn't buy stocks in decline and tries not to buy turnarounds. This one is getting to a point where some of the uncertainty is coming out of the company. However, they've had to make so many cuts, you wonder how they are going to fare with a significant decrease in R&D spending.
If you own the stock, you are playing that there is some value in the assets they own. The company is not a going concern. Have a huge deficit hole in their pension plan. Individual parts of the company may be better being sold off.